Burlington, VT 05401,31 Hyde ST
Burlington, VT 05401,31 Hyde ST
Burlington, VT 05401,31 Hyde ST
Burlington, VT 05401,31 Hyde ST
Burlington, VT 05401,31 Hyde ST
Burlington, VT 05401,31 Hyde ST
See all 23 photos
Listed by Smith Macdonald Group • Coldwell Banker Carlson Real Estate
Bought with Wen K Dong • KW Vermont

$2,700,000

$3,295,000

18.1%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

10,852 SqFt


SOLD DATE : 03/15/2024

Key Details

Sold Price $2,700,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 10,852 sqft

Price per Sqft $248

MLS Listing ID 4976648

Sold Date 03/15/24

Construction Status Existing

Year Built 1985

Annual Tax Amount $42,575

Tax Year 2023

Lot Size 0.500 Acres

Acres 0.5

Property Description

An Exceptional Investment Opportunity! This property consists of ten total units, eight 3-bedroom, 1.5-bath condos built in 1985 and a two-story attached duplex constructed in 1930, all within the Opportunity Zone. The interiors of all units have recently received fresh paint, and many boast upgraded flooring. Exterior enhancements include compliance with zoning regulations, such as new sidewalks and curbing, illuminated by energy-efficient LED lighting. The driveway has been leveled for added convenience, and a protective fence now shields the previous surface while enhancing curb appeal. This investment is already above a 7% cap rate, with substantial net operating income (NOI) and 100% occupancy over many years. With minimal investment and strategic rental turnover, there's significant potential to increase the NOI. This can substantially elevate the property's overall valuation. Moreover, an exceptional management company is in place to expertly navigate the property's operations, drive revenue, and ensure a hassle-free investment experience. Take advantage of this outstanding opportunity for a high-yield, value-increasing investment.

Location

State VT

County Vt-chittenden

Area Vt-Chittenden

Zoning Res- Med Den

Rooms

Basement Entrance Interior

Basement Dirt Floor, Partial, Slab, Unfinished

Interior

Heating Electric, Gas - Natural

Cooling None

Exterior

Garage Description Parking Spaces 1 - 10

Utilities Available Cable - Available, Gas - On-Site

Roof Type Shingle,Slate

Building

Story 2

Foundation Concrete, Slab - Concrete

Sewer Public

Architectural Style Townhouse

Construction Status Existing

Schools

School District Burlington School District

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


PrimeMLS
advisor-avatar

+1(603) 660-1955

smartsuccessrealty@gmail.com

169 S. River Road, Bedford, NH, 03110

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.